Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
290.81
-0.17 (-0.06%)
Aug 14, 2026, 4:00 PM EDT - Market closed
Illinois Tool Works Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 16,469 | 16,044 | 15,898 | 16,107 | 15,932 | 14,455 | |
Revenue Growth | 4.30% | 0.92% | -1.30% | 1.10% | 10.22% | 14.96% |
Cost of Revenue | 9,196 | 8,969 | 8,858 | 9,316 | 9,429 | 8,489 |
Gross Profit | 7,273 | 7,075 | 7,040 | 6,791 | 6,503 | 5,966 |
Selling, General & Admin | 2,795 | 2,737 | 2,647 | 2,605 | 2,538 | 2,333 |
Amortization of Goodwill & Intangibles | 72 | 80 | 101 | 113 | 134 | 133 |
Operating Expenses | 2,867 | 2,817 | 2,748 | 2,718 | 2,672 | 2,466 |
Operating Income | 4,406 | 4,258 | 4,292 | 4,073 | 3,831 | 3,500 |
Interest Expense | -302 | -292 | -283 | -266 | -203 | -202 |
Interest & Investment Income | 40 | 40 | 44 | 51 | 22 | 12 |
Currency Exchange Gain (Loss) | -35 | -35 | 7 | -39 | -7 | -9 |
Other Non Operating Income (Expenses) | 11 | -5 | -1 | 1 | -1 | -4 |
EBT Excluding Unusual Items | 4,120 | 3,966 | 4,059 | 3,820 | 3,642 | 3,297 |
Gain (Loss) on Sale of Investments | - | - | 363 | 2 | 9 | 29 |
Gain (Loss) on Sale of Assets | - | - | - | 1 | 191 | - |
Pretax Income | 4,120 | 3,966 | 4,422 | 3,823 | 3,842 | 3,326 |
Income Tax Expense | 926 | 900 | 934 | 866 | 808 | 632 |
Net Income | 3,194 | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 |
Net Income to Common | 3,194 | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 |
Net Income Growth | -5.08% | -12.10% | 17.96% | -2.54% | 12.62% | 27.74% |
Shares Outstanding (Basic) | 289 | 292 | 297 | 303 | 310 | 315 |
Shares Outstanding (Diluted) | 290 | 292 | 298 | 304 | 311 | 316 |
Shares Change | -1.86% | -1.85% | -1.91% | -2.28% | -1.80% | -0.60% |
EPS (Basic) | 11.06 | 10.52 | 11.75 | 9.77 | 9.80 | 8.55 |
EPS (Diluted) | 11.04 | 10.49 | 11.71 | 9.74 | 9.77 | 8.51 |
EPS Growth | -3.15% | -10.42% | 20.23% | -0.31% | 14.81% | 28.36% |
Free Cash Flow | 2,921 | 2,707 | 2,844 | 3,084 | 1,936 | 2,261 |
Free Cash Flow Per Share | 10.09 | 9.26 | 9.55 | 10.16 | 6.23 | 7.15 |
Dividend Per Share | 6.440 | 6.220 | 5.800 | 5.420 | 5.060 | 4.720 |
Dividend Growth | 7.33% | 7.24% | 7.01% | 7.12% | 7.20% | 6.79% |
Gross Margin | 44.16% | 44.10% | 44.28% | 42.16% | 40.82% | 41.27% |
Operating Margin | 26.75% | 26.54% | 27.00% | 25.29% | 24.05% | 24.21% |
Profit Margin | 19.39% | 19.11% | 21.94% | 18.36% | 19.04% | 18.64% |
Free Cash Flow Margin | 17.74% | 16.87% | 17.89% | 19.15% | 12.15% | 15.64% |
EBITDA | 4,806 | 4,655 | 4,694 | 4,468 | 4,241 | 3,910 |
EBITDA Margin | 29.18% | 29.01% | 29.53% | 27.74% | 26.62% | 27.05% |
D&A For EBITDA | 400 | 397 | 402 | 395 | 410 | 410 |
EBIT | 4,406 | 4,258 | 4,292 | 4,073 | 3,831 | 3,500 |
EBIT Margin | 26.75% | 26.54% | 27.00% | 25.29% | 24.05% | 24.21% |
Effective Tax Rate | 22.48% | 22.69% | 21.12% | 22.65% | 21.03% | 19.00% |
Advertising Expenses | - | 62 | 58 | 60 | 57 | 50 |